Gold Chart of The Week

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Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report August 12th through August 16th

Summer markets and light volume trading should continue to be the focus for the upcoming week. Despite the fact that the next five trading days have quite a bit of data to present, the reports are divided equally between the United States and Europe, along with a few from Japan and Great Britain. This mix of intermarket and intercontinental data should provide decent intraday volatility to trade, but I do not expect any fireworks.

The two standouts this week will be Retail Sales in the US and GDP reports from Germany, France and the Eurozone. Any one of these reports can provide some nice movement in the Currencies and Stock Indexes, but lighter volume trading should cap any major movement. Continue reading "Gold Chart of The Week" →

Enhanced Oil Recovery with Competitive Costs

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The Energy Report: On July 26, George Phydias Mitchell died at the age of 94. The late Texas oilman had pioneered the use of horizontal drilling and hydraulic fracturing. Can you speak about his achievements?

Jim Letourneau: Mitchell was the founder of the entire shale oil/shale gas revolution. For decades, the Texas wildcatters had known that there was gas in the Barnett Shale, but it was very difficult to get it out. Mitchell did not invent the fracking technologies. He just wanted to get the gas out of the shale. And as the owner of an oil company, he got to challenge the technical people. He basically said, "If you guys can't figure it out, I'll find someone who can." He had the power and the money and the persistence to make it work. Mitchell Energy Development Corp. began working on the problem in 1981, and it took until 1999 to figure it all out. The company sold for $3.5 billion ($3.5B) in 2001! It is inspiring.

TER: Were other companies trying to develop fracking? Continue reading "Enhanced Oil Recovery with Competitive Costs" →

A Monetary Master Explains Inflation

Posted on by The INO.com Team

By Terry Coxon, Senior Economist

[Ed. note: One of the best things about being a partner in a research firm employing about 40 analysts is that I have unfettered access to really smart people. While we have a great team with expertise across the spectrum, when it comes to monetary matters, my go-to guy is Terry Coxon, a senior editor for our flagship publication, The Casey Report.

Terry cut his teeth working side by side for years with the late Harry Browne, the economist and prolific author of a number of groundbreaking books, including the 1970 classic, How You Can Profit from the Coming Devaluation. The timing of Harry's book should catch your eye, because his analysis that the dollar was headed for a big fall was spot on. Anyone paying attention made a lot of money. Continue reading "A Monetary Master Explains Inflation" →

Weekly Futures Recap W/Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Grain Futures--- The grain market continued its bearish momentum this week pushing corn near 3 year lows trading far below its 20 and 100 day moving average settling this week at 4.52 of bushel right at session lows this Friday afternoon and down about $.10 for the trading week as U.S crop conditions are excellent at this point in time. Traders are waiting Monday afternoon’s USDA report which could surprise the market in either direction but as I’ve been stating in many previous blogs I continue to remain bearish this entire complex and I’m still advising traders to be short across the board. Soybean futures for the November contract are still trading below their 20 and 100 day moving average basically settling unchanged for the trading week and are much stronger than corn or wheat but it hit contract lows in Wednesday’s trade before rallying $.20 yesterday as traders are awaiting the supply/ demand and production numbers Monday afternoon. Continue reading "Weekly Futures Recap W/Mike Seery" →

Traders WhiteBoard Lesson 2

Posted on by The INO.com Team

In today's Traders WhiteBoard Lesson 2, I'm going to share with you two of my all time favorite chart setups.

I get so excited when I see these formations taking place in the markets. Both of these chart setups have been recurring for years and can take place in stocks, futures, metals, Forex, and yes even ETFs. The video runs a little bit longer than our first Traders WhiteBoard, but I am confident when you see the theory and the real world examples, you will agree it was well worth your time.

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Put the power of the Trade Triangles to work for you

Every success using these two setups,
Adam Hewison
President, INO.com
Co-Creator, MarketClub